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How much would you need to deposit today so that beginning 11 years from now, you could withdraw $15,000 per year for 5 years plus
How much would you need to deposit today so that beginning 11 years from now, you could withdraw $15,000 per year for 5 years plus an additional amount of $30,000 at the beginning of the 15th year? Assume that you will earn an average return of 9.0% for the entire period.
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